Disliked{quote} Hello Emmanuel, you always share some really intriguing ideas and useful tools. Very much appreciated. Could you share the Asian high and low indicator. Mind sharing how it works too?! TIA.Ignored
Big E uploaded the AsianSession.ex4 in his old thread:
Post#24
https://www.forexfactory.com/thread/...12#post3302012
The Asian session high-low is what the Tokyo Channel is.
How to day trade with the Tokyo Channel (Asian channel) is in his Post#97. It is quite simple. Once we understand it, it is all a matter of trading discipline and excution. The Money Management is what we need to consider and make that a part of the system.
You use the APB/HA candles and the 5EMA. No need to TDI. The Stoch(8,3,3) %K cross %D is the signal for the reversal setup.
Post#97:
Rules
1. London Market Trading - GBP/USD - 15 Minute Chart
2. Print out News Calendar - No trades 30 minutes before or after news.
If your in a trade - either exit or really tighten stop Loss.
3. Use Fractals on your chart to visually see and measure swings.
4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important.
5. Swings should average 20 to 40 pips or more.
6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders.
7. Exit on big numbers of 00 or 10 or 20 or 35 or 50 or 65 or 80 or 90.
These numbers are your target levels.
8. Lost Trade - Re-enter on the next swing doubling your lot size.
If second trade loses go back to normal lot size.
Swings average 20 to 40 pips on 15 minute time frame. On other time frames the swing size will be different.
**Highest ODDS for profit is trading the EURO Open, London Open and N.Y. Open on the GBP/USD 15 minute chart. Generally it may vary 15 minutes either side of those times. Happens about 3-4 days a week. Longer swings. **
Always trade on a Demo Account when learning new information. Don't risk your trading funds without completely understanding this or others information... Demo trade only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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